S1: E14: How To Start, Manage And Be Successful In Affiliate Marketing With Omari Harebin!
Oct 17, 2022
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Affiliate marketing expert Omari Harebin shares insights on affiliate marketing as a lucrative passive income stream, transitioning from skepticism to success. The podcast discusses balancing active and passive income, evolving affiliate relationships, maximizing affiliate marketing potential for full-time income, and optimizing YouTube channels for revenue growth.
Affiliate marketing requires strategic approach for success and is not a scam.
Diversifying between recurring and one-time affiliate income enhances stability and growth.
Start with familiar products and negotiate affiliate partnerships for passive income streams.
Deep dives
Understanding Affiliate Marketing: A Lucrative Side Hustle Opportunity
Affiliate marketing is a legitimate way to earn money by promoting products and receiving commissions for sales generated through your unique affiliate links. The podcast clarifies that affiliate marketing is not a scam but requires a strategic approach for success. With real-life examples like generating $14,000 from a $260 investment in affiliate marketing, it illustrates the potential for significant earnings. The key to success lies in creating passive income streams through affiliate partnerships.
Benefits of Recurring vs. One-Time Affiliate Income
The podcast discusses the distinction between recurring affiliate income and one-time payouts. While recurring income offers steady returns and a compounding effect over time, one-time earnings can fluctuate, leading to inconsistent cash flow. Emphasizing the importance of diversifying affiliate programs, it suggests that a balanced portfolio of recurring and one-time affiliate opportunities can provide stability and growth.
Building Your Affiliate Network: Practical Strategies for Beginners
For novices in affiliate marketing, starting with affiliate programs of products you use or have recently purchased is recommended. This familiarity can enhance your credibility in promoting these products authentically. Exploring popular affiliate programs like Amazon may serve as a good initial step, although focusing on niche-specific products relevant to your content can yield higher returns. Additionally, the podcast highlights the significance of creating passive assets from active freelance work to maximize affiliate income potential.
Negotiating Affiliate Programs with Companies
Negotiating affiliate programs with companies involves identifying products or courses that align with your audience and reaching out to the product owners to inquire about setting up an affiliate program. This process includes simple and to-the-point emails expressing your interest and the potential benefit to both parties. Effective negotiation focuses on mutual benefits, where you offer access to your audience in exchange for a commission, leading to successful partnerships.
Expanding from Affiliate Marketing to Sponsorships
Affiliate marketing can serve as a stepping stone to securing sponsorships by demonstrating the value you provide to companies. Transitioning from affiliate programs to sponsored content requires proving your worth through consistent and relevant content creation. By engaging actively with the community and showcasing your value proposition, you can attract sponsorship opportunities based on your audience's interests and engagement levels.
Join us in this episode of The Side Hustler's Society Podcast as Elijah Bilel talks with Omari Harebin about the gems of affiliate marketing and how you can be financially successful using it.
Omari Harebin is a life-school dad, Squarespace guru, and recording artist who's leveraged digital products and affiliate marketing to make a living online. He’s the Founder of Sqspthemes.com, the largest online directory of Squarespace templates and runs The Digital Alchemy Lab, an online community for freelancers to help them turn their experience into digital products. After working as a freelancer he stumbled into affiliate marketing where he’s sold over $1M in digital products
He's been charting his own course since 2014 and now he's sharing what he's learned along the way, via speaking engagements, workshops and podcasts.
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